{"id":949694,"date":"2026-04-07T21:31:15","date_gmt":"2026-04-08T01:31:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/"},"modified":"2026-04-07T21:31:15","modified_gmt":"2026-04-08T01:31:15","slug":"driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/","title":{"rendered":"Driven Brands Holdings Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and 39% Stock Decline &#8211; Investors may Contact Lewis Kahn, Esq, at Kahn Swick &amp; Foti, LLC"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>Who is Involved<\/strong>: Driven Brands Holdings Inc. (NasdaqGS: DRVN) investors that purchased between May 9, 2023 and February 24, 2026<\/li>\n<li style=\"text-align:justify\">\n          <strong>When to Act:<\/strong> Deadline to file Lead Plaintiff applications is May 8, 2026<\/li>\n<li style=\"text-align:justify\">\n          <strong>Basis:<\/strong> Driven Brands shares fell on Disclosure of Erroneous Financial Statements<\/p>\n<\/li>\n<\/ul>\n<p align=\"justify\">NEW YORK and NEW ORLEANS, April  07, 2026  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/ksfcounsel.com\/\" rel=\"nofollow\" target=\"_blank\">Kahn Swick &amp; Foti<\/a>, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until <strong><u>May 8, 2026<\/u><\/strong> to file lead plaintiff applications in a securities class action lawsuit against <a href=\"https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-drvn\/\" rel=\"nofollow\" target=\"_blank\">Driven Brands<\/a> Holdings Inc. (NasdaqGS: DRVN) (\u201cDriven\u201d or the \u201cCompany\u201d), if they purchased or otherwise acquired the Company\u2019s shares between May 9, 2023 and February 24, 2026, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Southern District of New York.<\/p>\n<p align=\"justify\">\n        <strong>What You May Do<\/strong>\n      <\/p>\n<p align=\"justify\">If you purchased shares of Driven and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit <a href=\"https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-drvn\/\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-drvn\/<\/a> to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by <strong><u>May 8, 2026<\/u><\/strong>.<\/p>\n<p align=\"justify\">\n        <strong>About the Lawsuit<\/strong>\n      <\/p>\n<p align=\"justify\">Driven and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.\u00a0\u00a0<\/p>\n<p align=\"justify\">On February 25, 2026, the Company disclosed that it had identified at least seven different categories of \u201cmaterial errors\u201d in the Company\u2019s consolidated financial statements for fiscal years 2023 and 2024, as well as in quarterly periods in 2025, and that \u201csuch financial statements should not be relied upon and required restatement\u201d and as a result, the Company would delay the filing of its Annual Report on Form 10-K for the fiscal year 2025 and need to restate its financials for fiscal years 2023, 2024, and the first three quarters of 2025.<\/p>\n<p align=\"justify\">On this news, the price of Driven Brands\u2019 shares fell nearly 40%, from a close of $16.61<br \/>on February 24, 2026, to open at $9.99 on February 25, 2026.<\/p>\n<p align=\"justify\">The case is <em>Clark v. Driven Brands Holdings Inc., et al., <\/em>Case No. 26-cv-01902.<\/p>\n<p align=\"justify\">About <a href=\"https:\/\/www.youtube.com\/watch?v=ERl52xsyj0s\" rel=\"nofollow\" target=\"_blank\">Kahn Swick &amp; Foti<\/a>, LLC<\/p>\n<p align=\"justify\">KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation&#8217;s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors &#8211; in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.<\/p>\n<p align=\"justify\">TOP 10 Plaintiff Law Firms &#8211; According to ISS Securities Class Action Services<\/p>\n<p align=\"justify\">To learn more about KSF, you may visit <a href=\"http:\/\/www.ksfcounsel.com\" rel=\"nofollow\" target=\"_blank\">www.ksfcounsel.com<\/a>.<\/p>\n<p>Contact:<\/p>\n<p>Kahn Swick &amp; Foti, LLC<\/p>\n<p align=\"justify\">Lewis Kahn, Managing Partner<br \/><u>lewis.kahn@ksfcounsel.com<\/u><br \/>1-877-515-1850<br \/>1100 Poydras St., Suite 960<br \/>New Orleans, LA 70163<\/p>\n<p>CONNECT WITH US: <a href=\"https:\/\/www.facebook.com\/profile.php?id=61575733915628\" rel=\"nofollow\" target=\"_blank\">Facebook<\/a> || <a href=\"https:\/\/www.instagram.com\/kahn_swick_and_foti\/\" rel=\"nofollow\" target=\"_blank\">Instagram<\/a> || <a href=\"https:\/\/www.youtube.com\/@kahnswickandfoti\" rel=\"nofollow\" target=\"_blank\">YouTube<\/a> || <a href=\"https:\/\/www.tiktok.com\/@kahn.swick.foti\" rel=\"nofollow\" target=\"_blank\">TikTok<\/a> || <a href=\"https:\/\/www.linkedin.com\/company\/ksfcounsel\" rel=\"nofollow\" target=\"_blank\">LinkedIn<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NTg5MiM3NTI0NjA3IzIwMTc2NzE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODMwODY4NGEtZjE0Ni00MTdhLWIxNDAtZWE3YTdlZDlmMzRhLTEwMjkyNDEtMjAyNi0wNC0wOC1lbg==\/tiny\/Kahn-Swick-Foti-LLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Who is Involved: Driven Brands Holdings Inc. (NasdaqGS: DRVN) investors that purchased between May 9, 2023 and February 24, 2026 When to Act: Deadline to file Lead Plaintiff applications is May 8, 2026 Basis: Driven Brands shares fell on Disclosure of Erroneous Financial Statements NEW YORK and NEW ORLEANS, April 07, 2026 (GLOBE NEWSWIRE) &#8212; Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until May 8, 2026 to file lead plaintiff applications in a securities class action lawsuit against Driven Brands Holdings Inc. (NasdaqGS: DRVN) (\u201cDriven\u201d or the \u201cCompany\u201d), if they purchased or otherwise acquired the Company\u2019s shares between May 9, 2023 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Driven Brands Holdings Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and 39% Stock Decline &#8211; Investors may Contact Lewis Kahn, Esq, at Kahn Swick &amp; Foti, LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-949694","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Driven Brands Holdings Inc. 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(NasdaqGS: DRVN) (\u201cDriven\u201d or the \u201cCompany\u201d), if they purchased or otherwise acquired the Company\u2019s shares between May 9, 2023 &hellip; Continue reading &quot;Driven Brands Holdings Inc. 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Securities Fraud Class Action Result of Erroneous Financial Statements and 39% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick &amp; Foti, LLC - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/","og_locale":"en_US","og_type":"article","og_title":"Driven Brands Holdings Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and 39% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick &amp; Foti, LLC - Market Newsdesk","og_description":"Who is Involved: Driven Brands Holdings Inc. (NasdaqGS: DRVN) investors that purchased between May 9, 2023 and February 24, 2026 When to Act: Deadline to file Lead Plaintiff applications is May 8, 2026 Basis: Driven Brands shares fell on Disclosure of Erroneous Financial Statements NEW YORK and NEW ORLEANS, April 07, 2026 (GLOBE NEWSWIRE) &#8212; Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until May 8, 2026 to file lead plaintiff applications in a securities class action lawsuit against Driven Brands Holdings Inc. (NasdaqGS: DRVN) (\u201cDriven\u201d or the \u201cCompany\u201d), if they purchased or otherwise acquired the Company\u2019s shares between May 9, 2023 &hellip; Continue reading \"Driven Brands Holdings Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and 39% Stock Decline &#8211; Investors may Contact Lewis Kahn, Esq, at Kahn Swick &amp; Foti, LLC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-08T01:31:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4NTg5MiM3NTI0NjA3IzIwMTc2NzE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driven-brands-holdings-inc-securities-fraud-class-action-result-of-erroneous-financial-statements-and-39-stock-decline-investors-may-contact-lewis-kahn-esq-at-kahn-swick-foti-llc-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Driven Brands Holdings Inc. 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